Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export … regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

fundamentalists and chartists co-exist and are subject to regret and uncertainty. We find significant evidence that energy markets are … composed by heterogeneous traders which behave differently depending on the intensity of the price fluctuations and uncertainty …

expected market return and from the risk-free rate. We propose to use the difference between these estimates to measure … in the market risk premium …

Model uncertainty has the potential to change importantly how monetary policy should be conducted, making it an issue … form expectations using the misspecified model. Next, I exploit the connection between robust control and uncertainty …

equilibrium uncertainty prices that confront a robust decision maker who solves a portfolio choice problem and offer a … ambiguity, he uses a max-min criterion to evaluate alternative plans. We use this decision theory to construct competitive … quantitative illustration for structured parametric models that focus uncertainty on macroeconomic growth and its persistence …